Yum! Brands (YUM) said Yum! will sell Pizza Hut, excluding Mainland China, to LongRange Capital for approximately $1.5 billion. Yum! has the opportunity to receive an earn-out of $75 million by 2030. Also, Yum! will sell Pizza Hut in Mainland China to Yum China Holdings, Inc. for approximately $1.2 billion.
Yum! expects to receive approximately $2.3 billion of net proceeds after taxes, closing adjustments and transaction-contingent fees, excluding the earn-out. Yum! additionally expects to incur one-time expenses of approximately $85 million during the remainder of 2026 to effectuate the separation. The net after-tax proceeds will be used in accordance with the capital allocation strategy, including investing in the business and returning excess capital to shareholders. Yum! expects the transactions to close in the third quarter of 2026.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.